Millions Lost From Counterfeit Coins

Chinese-made counterfeit coins pose a significant financial threat to unsuspecting consumers, according to leaders of five of the country’s most influential rare coin organizations. They warn the public is spending millions of dollars on fake U.S. coins offered in online auctions and elsewhere, such as flea markets and swap meets. They also urge consumers to only purchase genuine coins from reputable, professional dealers or face the risk of losing money on copies that are illegal to re-sell.

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